Furrow Auction Company
ABSOLUTE REAL
ESTATE AUCTION

BY ORDER OF THE U.S. BANKRUPTCY TRUSTEE - CASE # 08-52631
92.7 Acres on the Nolichucky River


100 Keebler Road
Limestone, TN

Saturday, November 20th, 2010 - 10:30 AM
Inspection: Open and Available to be seen at your Convenience

 

 

·          92.7 Acres

·         On The Nolichucky River

·         Subdivided into 9 Tracts – To be offered Separately and as a Whole

               ·         Large Barn on Front of property is: 36  X  98

o   Built in 1901 using local timbers and fired brick for foundation

o   Originally designed to accommodate draft horses and mules for farm operation

o   Has 10 Stalls, an office area, a tack room area, along with underground access for potato storage

o   5 stories high all above ground floor and used for hay

o   It contains an old time water trough

 

               ·         Two production barns on the property

o   Can accommodate 80 acres of tobacco

o   One is 38  X  264

o   One is 38  X  300

o   There are additional sheds on the property that were used for equipment storage but are now available for tobacco, increasing tobacco hanging capacity on the farm by more than 50%

 

Land Type:   45 - Crop   Soil Class: P   Units:   83.80

Land Type:   54 - Pasture   Soil Class: G   Units:  4.00

Land Type:   62 - Woodland 2   Soil Class: P   Units: 5.00

**THE TRUSTEE RETAINS THE RIGHTS TO HARVEST, STORE AND SHIP 2010 GRAIN CROPS UNTIL JANUARY 31, 2011

**FIVE (5) 3,500 BUSHEL CAPACITY STORAGE BINS WILL BE INCLUDED WITH THE TRACT OF LAND ON WHICH THEY ARE CURRENTLY LOCATED

**RESTRICTIVE COVENANTS HAVE BEEN ESTABLISHED TO PROTECT YOUR INVESTMENT

 

Zoning:  A-1 – General Agricultural
Utilities:
Electric / Water / Septic
Estimated Real Estate Taxes:

County 2010 taxes - $1,647.87

Directions:

In Greenville at the Bachman & Bernard Automobile Dealership, take 11E North towards Jonesborough and travel for 11.5 miles.  Turn RIGHT onto Big Limestone Road at Johnny’s Market and Deli and travel for 1.5 miles.  Then turn RIGHT onto Old SR 34 and travel 0.1 miles.  Then take a LEFT onto Davey Crockett Road heading toward Davey Crockett State Park and travel 1.1 miles to intersection of Keebler Road and Davey Crockett Road and the property will be directly ahead.

In Jonesborough from the intersection of 11 E and Boones Creek Road travel South on 11E toward Greenville passing the Shell Gas Station on your LEFT and travel for 9.2 miles.  Then turn LEFT onto Big Limestone Road at Johnny’s Market and Deli and travel for 1.5 miles.  Then turn RIGHT onto Old SR 34 and travel 0.1 miles.  Then take a LEFT onto Davey Crockett Road heading toward Davey Crockett State Park and travel 1.1 miles to intersection of Keebler Road and Davey Crockett Road and the property will be directly ahead. 


Terms: 5% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) and is due today in the form of cash, cashier's check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.
CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

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AUCTION DOCUMENTS

Auction Brochure
A-1 Zoning Regulations
Aerial
Clearance Letter
Directions
Restrictions
River Information
School Zoning Information
Soil Map
Soil Map Unit Description
Soil Map Unit Description Page 2
Survey
Tax Information
Tax Map
Tax Receipt
Title Commitment
Title Commitment Exceptions
Topographic Map
Utility Information
Zoning Information
Zoning Map
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